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Economy

‘There is no banking inquiry bill’, says Leader of the House
22 November 2017
mortgagebusiness

The Leader of the House has dismissed insinuations that the government is trying to avoid a banking inquiry by cancelling next week’s parliamentary sitting, adding that “there is no bill to ...

APRA is ‘uncomfortable’ about supervising non-banks
22 November 2017
mortgagebusiness

The chairman of the prudential regulator has suggested that the body is “uncomfortable at the thought of APRA supervising non-ADIs” and is “not seeking to expand [its] supervisory remit” ...

Housing market is ‘oversupplied’: ANU
21 November 2017
mortgagebusiness

A new study by the Australian National University has stated that, despite reports of a housing shortage, there remains an oversupply of dwellings in Australia.

RBA: Australian banks could ‘survive a deep recession’
21 November 2017
mortgagebusiness

Banks in Australia ‘have sufficient capital to survive a deep recession and a collapse in the housing market’, according to the head of financial stability at the Reserve Bank of Australia

Gender pay gap in financial services closing
20 November 2017
mortgagebusiness

The pay gap between men and women working in financial services is closing but remains the largest in the country, according to the Workplace Gender Equality Agency.

Average Aussie home size hits 20-year low
20 November 2017
mortgagebusiness

New analysis from CommSec has revealed that the size of the average Australian home is now smaller than it has been for 20 years.

80% of buyers fed up with out-of-date mortgages
20 November 2017
mortgagebusiness

Australia’s recent property boom has set a precedent for home buyers to act with more immediacy, but 85 per cent of Aussies believe that the mortgage process is still too slow, according to ...

Disqualified bankers to be listed on ‘register’
20 November 2017
mortgagebusiness

The Australian Prudential Regulation Authority has revealed that it intends to list individuals disqualified under the Banking Executive Accountability Regime on a “disqualification ...

Recession is not the answer and will lead to ‘destruction’: RBA
17 November 2017
mortgagebusiness

The Reserve Bank of Australia has slammed claims that a recession is the only way for the Australian economy to improve, saying that recessions engender “destructive destruction”.

RESIMAC prices NZ$250m RMBS
17 November 2017
mortgagebusiness

Homeloans Limited’s wholly owned New Zealand subsidiary RESIMAC Home Loans has priced a multimillion-dollar residential mortgage-backed security, the second issuance it has offered since ...